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Promissory Note-For Open Account Debt PN-812 - Legal Forms
| Promissory Note-For Open Account Debt Form. This is a Legal Forms form and can be used in Promissory Notes . |
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PROMISSORY NOTE (FOR OPEN ACCOUNT DEBT) In consideration of value received, the undersigned Borrower promises to pay ___________________ the amount of ________________, along with interest accrued on such amount at _______ percent per _______________. Payments are to be made in the following fashion: This Note may be paid in full without penalty charges. In case of any default on this Note or its terms, Lender may demand payment in full of the balance, with accrued interest. Additionally, Borrower agrees to pay all reasonable expenses associated with collection costs in the case of default. This Note evidences an existing indebtedness due Lender by the Borrowers on an open account balance as of this date, and this Note shall not be considered a separate obligation. ________________________ Borrower _____________________ Date American LegalNet, Inc. © www.FormsWorkFlow.com
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